Vision Statement

(By 2025) DBJ is recognized as LAC’s foremost development finance institution that drives private sector development and contributes to broad-based, inclusive economic growth in Jamaica.

Mission Statement

The Development Bank of Jamaica provides opportunities to all Jamaicans to improve their quality of life through development financing, capacity building, public-private partnership and privatisation solutions in keeping with Government policy.

Core Values
  • Professionalism
  • Integrity
  • Accountability
  • Innovation
Who We Are

The Development Bank of Jamaica Limited (DBJ) is a wholly owned Government institution and its only shareholder is the Accountant-General.

The Bank is a result of the merger of two national development entities, the Agricultural Credit Bank Limited and the National Development Bank, on April 1, 2000. The National Investment Bank of Jamaica Limited was further amalgamated into the DBJ in 2006.

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The DBJ falls under the purview of the Ministry of Finance and Planning. Its Board of Directors is comprised mainly of private sector leaders who are appointed by the
Minister of Finance.

The DBJ, currently the only development financing organisation in the country, is committed to Jamaican entrepreneurs in the productive sectors and at all stages of development.

What We Do

While the DBJ provides funding and technical assistance to large projects, it has expanded and improved its assistance to micro, small and medium-sized enterprises (MSME) which are widely recognised as the engine of economic growth and development, especially in small economies.

The Bank’s Mission is to provide ‘opportunities to all Jamaicans to improve their quality of life through development financing, capacity building, public-private partnership and privatisation solutions in keeping with Government policy’.

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Therefore, it does not only support Jamaican businesses through provision of access to financing, support services and a partial guarantee programme but it also facilitates investment in publicly-owned entities by Jamaican entrepreneurs while simultaneously allowing the Government space to give up management and operations of companies that are more efficiently and profitably run by the private sector.

Overall, the DBJ is focused on:

  1. Financing – Ensuring that low-cost funds, in the form of business loans for projects and working capital, are available to all viable enterprises in the productive sectors which include agriculture, agro-processing, information processing, infrastructure, services, manufacturing, mining and tourism;
  2. Capacity Development and Technical Assistance – Increasing demand for development finance by strengthening the capacity of MSMEs to borrow, invest and expand;
  3. Public-Private Partnership and Privatisation – Managing and executing the Government’s Public-Private Partnership and Privatisation programmes, through which entrepreneurship is developed and the ownership base of public entities is broadened;
  4. Venture Capital – The development and implementation of a viable and sustainable venture capital and private equity industry in Jamaica to provide access to long-term, patient financing required by high potential small and medium-sized enterprises and innovative start-ups, for sustained growth and development.

How we do it

The DBJ does not lend funds directly to individuals. Instead, the Bank’s funds are channelled through a network of Approved Financial Institutions (AFI), such as commercial and merchant banks, the Jamaica Credit Union League, the National People’s Cooperative Bank (NPCB), the National Export-Import Bank, and Micro Finance Institutions (MFI), which provide the initial credit evaluation and loan supervision before on-lending to clients.

The relationships with AFI and MFI are critical to the work of the DBJ as, through these institutions and their island-wide network of branches, the Bank’s lines of credit are easily accessible.

Research, Business Analytics & Product Development

The Research, Analytics & Product Development Unit leads the Bank’s research activities while providing support to other departments of the Bank. The Unit provides support by identifying market gaps within the MSME sector, creating and enhancing financial products to fill the identified gaps while developing and maintaining standards, frameworks, models and policies for product development within the organisation.

The Research, Analytics and Product Development Unit also ensures that the DBJ understands its role in driving economic growth and knows which initiatives to support. The Unit also identifies opportunities for DBJ to finance/facilitate economic growth and job creation while developing impact assessment tools for products / projects.

The Unit is also tasked with ensuring that the DBJ team has relevant historical, current and projected economic and financial data to guide decision making while managing the Bank’s performance reporting.